Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed that there will be two copper derivative industries built in the Java Integrated Industrial and Ports Estate (JIIPE) Special Economic Zone. He conveyed this when giving a report to President Prabowo Subianto at the inauguration of the gold refining facility or precious metal refinery (PMR) owned by PT Freeport Indonesia (PTFI) in Gresik, Monday (17/3/2025).

According to Bahlil, the construction of the two factories is inseparable from the presence of PTFI's copper smelter in the same location. In the future, the factory will absorb copper cathode products from the Freeport smelter .

"There are two [factories] that we will build, Mr. President. Freeport is in Gresik, here. The total investment is approximately IDR 6 trillion to IDR 7 trillion," said Bahlil.

Bahlil also said that the factory will process copper cathodes into copper foil to cables. That way, copper downstreaming can run optimally in the JIIPE Special Economic Zone.

"And it utilizes the copper raw materials available here. So that we really reach the downstream level. That is under the direction of the President," said Bahlil.

Meanwhile, PTFI's smelter was inaugurated in September 2024. The copper refining facility has started the commissioning phase in June 2024 and initial production in August 2024.

The world's largest  single -line copper smelter is capable of refining copper concentrate with an input capacity of 1.7 million tons of concentrate and producing 600,000-700,000 copper cathodes per year.

Based on Bisnis records , the cumulative investment value for the project occupying 100 hectares of land in the JIIPE Special Economic Zone has reached USD 3.7 billion or around IDR 58 trillion.